Prominent Automotive IOT Market Trend for 2025: Predictive Diagnostics Solutions Enhance Automotive IOT Market

What industry-specific factors are fueling the growth of the automotive iot market?
The growth of the automotive IoT market is anticipated to be propelled by the rising demand for autonomous vehicles. Self-driving vehicles, which can operate independently utilizing various technologies, are what autonomous vehicles refer to. The Internet of Things provides the platform for autonomous vehicles to wirelessly connect to a cloud system via multiple devices, enabling vehicle-to-vehicle interaction. Therefore, a surge in demand for autonomous vehicles in turn augments the demand for the automotive IoT market. For instance, the US-based government agency, National Highway Traffic Safety Administration (NHTSA), reported in December 22 that the number of autonomous vehicles on U.S. roads is projected to hit around 3.5 million by 25, and surge to 4.5 million by 2030. Consequently, the growing demand for autonomous vehicles is driving the expansion of the automotive IoT market.

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What Is the projected market size and growth rate for the automotive iot market?
There has been a swift expansion in the size of the automotive IoT market in the last few years. This market, sized at $157.1 billion in 24, is poised to catapult to $178.07 billion by 25, with a compound annual growth rate (CAGR) of 13.4%. The significant growth seen during the historic period can be linked to the advent of connected car technologies, vehicle-to-everything (v2x) communication, the application of advanced driver assistance systems (ADAS), adoption of telematics, and improved safety and security features.

Anticipated to experience a swift escalation in the coming years, the size of the automotive IoT market is projected to reach a value of $300.82 billion by 29, with a compound annual growth rate (CAGR) of 14.0%. Factors contributing to this growth throughout the forecast period include the implementation of 5G connectivity in vehicles, the deployment of edge computing and artificial intelligence in the automotive IoT sphere, development of autonomous vehicles, along with predictive maintenance solutions. The forecast period is also expected to be marked with prominent trends such as in-car entertainment systems, intelligent parking solutions, optimization of fleet management, application of blockchain in automotive IoT, and monitoring of vehicle health.

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What new trends are reshaping the automotive iot market and its opportunities?
The automotive Internet of Things market is seeing an upward trend in automotive predictive diagnostics solutions. Car manufacturers are collaborating with tech companies to embed predictive diagnostics solutions into their existing models, thus curbing unnecessary reactive maintenance and avoiding the costs of excessive preventative maintenance. These predictive maintenance systems monitor, collect, record, transfer, and analyse data from in-vehicle sensors to keep an eye on vehicle functional metrics. For example, Ashok Leyland, an Indian car manufacturer, joined forces with Syncron, an after-sales service provider from Sweden, in February 22 to incorporate predictive vehicle maintenance solutions into Ashok Leyland's Condition Monitoring Systems (CMS).

What major market segments define the scope and growth of the automotive iot market?
The automotive iot market covered in this report is segmented -

1) By Offering: Hardware, Software, Services
2) By Connectivity: Embedded, Tethered, Integrated
3) By Application: Infotainment, Fleet Management, Predictive Maintenance, Vehicle Security, Automatic Driver Assistance System, Other Applications
4) By End User: Original Equipment Manufacturers, After market

Subsegments:
1) By Hardware: IoT Sensors, Connectivity Devices, On-Board Units (OBUs), Vehicle Telematics Devices
2) By Software: Fleet Management Software, Vehicle Tracking Software, Predictive Maintenance Software, Data Analytics Platforms, Vehicle-To-Everything (V2X) Communication Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Cloud Services, Data Management Services

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Which region dominates the automotive iot market?
North America was the largest region in the automotive IoT market in 24.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the automotive iot industry growth?
Major companies operating in the automotive iot market include Texas Instruments Incorporated, NXP Semiconductors N. V., Intel Corporation, TomTom N. V., Cisco Systems Inc., Microsoft Corporation, International Business Machines Corporation (IBM), Google LLC, AT&T Inc., Apple Inc., Robert Bosch GmbH, Harman International Industries Inc., Ghost Locomotion Inc., Hologram Inc., Infineon Technologies AG, Octo Group S. p. a., Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Indeema Software, Digital Management Inc., Orange SA, PixelCrayons, Aeris Communications Inc., KORE Wireless Group Inc., IOTTIVE PVT. LTD., Eurotech S. p. A., STMicroelectronics N. V., Cloudmade Limited, Sierra Wireless Inc., Verizon Communications Inc., Telefónica S. A., Mitsubishi Electric Corporation, Tech Mahindra Ltd.

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What Is Covered In The Automotive IOT Global Market Report?

•Market Size Forecast: Examine the automotive iot market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive iot market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive iot market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive iot market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive iot market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive iot market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive iot market.
•Competitive Landscape: Review strategic developments in the automotive iot market, including expansions, agreements, and new product launches.

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